Internationalized Production in World Output / Robert E. Lipsey, Magnus Blomstrom, Eric Ramstetter.

Format:

Book

Author/Creator:

Lipsey, Robert E.

Contributor:

National Bureau of Economic Research.

Blomstrom, Magnus.

Ramstetter, Eric.

Series:

Working Paper Series (National Bureau of Economic Research) no. w5385.

NBER working paper series no. w5385

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1995.

Summary:

Internationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry,' including manufacturing, trade, construction, and public utilities, but it was negligible in 'services,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined to single geographical locations and home country ownership. Internationalization of production is clearly growing in importance, but the vast majority of production is still carried out by national producers within their own borders.

Notes:

Print version record

December 1995.